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the real core of what clinton had was they cut spending. their percentage of spending to gdp was so much less, and that's where they got out of it. that agreement in '97 cut taxes and cut spending, which spurred growth. and we need a pro-growth economy. that's how we're going to get out of this mess. what we're talking about today, of just raising the taxes, does not solve the problem. i don't see it passing the house. now, republicans have not sat back. we've put revenue on the table. but the president has always said it has to be a balanced approach. >> if you can choose, if you could choose, what's -- i mean we've heard -- we've heard from their side, from the other side, and i'm talking about from your viewpoint, secretary geithner. >> yes. >> has said, we -- if we don't get the 2% -- if we don't get the rise on rates on the 2% we'll go over the fiscal cliff. in your view would it be better to go over the fiscal cliff than to get the back to the clinton rates on the high end? >> i think the best thing we don't go over the fiscal cliff.
the real core of what clinton had was they cut spending. their percentage of spending to gdp was so much less, and that's where they got out of it. that agreement in '97 cut taxes and cut spending, which spurred growth. and we need a pro-growth economy. that's how we're going to get out of this mess. what we're talking about today, of just raising the taxes, does not solve the problem. i don't see it passing the house. now, republicans have not sat back. we've put revenue on the table. but the...
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i'm not saying they'd do every detail. >> so was gingrich and clinton. >> and clinton and gingrich evolved into that kind of relationship. and i must say the president has done a poor job. he did a poor job last year and he's done a poor job this year. two days after the election, boehner came up with a tax revenue plan. very controversial in his party. he said, let's cap deductions and loopholes and leave the race alone because that help growth. that was $800 billion. it shocked a lot of republicans. and he got nothing. he got, you know, nothing from obama. and i think that started the bad blood. and i think the president -- >> good point. they both got to learn the art of negotiation. >> we haven't heard from democrats in the senate. i'm going to guarantee you that the democrats in the senate are going to be split on this business of who's rich and what the right tax rates are going to be. >> i have to leave it there, chaps. nick, larry, thank you both much, indeed. >>> coming up next, kerry kennedy joins me about fame, politics and most important of all, taylor swift. like a lot of thin
i'm not saying they'd do every detail. >> so was gingrich and clinton. >> and clinton and gingrich evolved into that kind of relationship. and i must say the president has done a poor job. he did a poor job last year and he's done a poor job this year. two days after the election, boehner came up with a tax revenue plan. very controversial in his party. he said, let's cap deductions and loopholes and leave the race alone because that help growth. that was $800 billion. it shocked a...
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these documents show that secretary of state hillary clinton signed these papers making the declaration official, back on the 20th of last month. much more on this story out of syria next hour. >>> an american doctor kidnapped in afghanistan and what happens next involves around the clock negotiations and a dramatic act of courage by s.e.a.l. team six. i'm brooke baldwin. the news is now. the death of a pop star. ♪ a picture shows what happened moments before jenni rivera's plane crashed. plus, boys disappear from a reform school and are never heard from again. >> these are children who came here and died for one reason or another and quite literally have been lost in the woods. >> the answers may lie in this cemetery. and one governor floating the idea of setting tuition rates based upon your major. this may change college forever. americans believe they should be in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they
these documents show that secretary of state hillary clinton signed these papers making the declaration official, back on the 20th of last month. much more on this story out of syria next hour. >>> an american doctor kidnapped in afghanistan and what happens next involves around the clock negotiations and a dramatic act of courage by s.e.a.l. team six. i'm brooke baldwin. the news is now. the death of a pop star. ♪ a picture shows what happened moments before jenni rivera's plane...
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the hillary clinton for press pass. perhaps they could reissue these if she decides to run again in 2016. >> she was the favorite then, she lost out to a relative i unknown junior senator from illinois. we'll see what happens the next time around. >> if she runs. >> that shows you how unpredictable these things could be. even though she would be the favorite. you never know what might happen. >> i think if she writes a book, does a few speeches, enjoys herself a little bit, i think she will say i'd like to be the first woman president. >>> security is being tightened at the hospital where katherine is being treated for acute morning sickness after her privacy was invaded by a prank call from australia. i'm joined now by cnn's royal correspondent max foster. >> it's extraordinary. it's very simple. a couple radio presenters from australia, jokers on a comedy show, rang up the hospital, pretended to be the queen and prince charles and asked to be put through to the ward. just have a listen to the accents here, they're not
the hillary clinton for press pass. perhaps they could reissue these if she decides to run again in 2016. >> she was the favorite then, she lost out to a relative i unknown junior senator from illinois. we'll see what happens the next time around. >> if she runs. >> that shows you how unpredictable these things could be. even though she would be the favorite. you never know what might happen. >> i think if she writes a book, does a few speeches, enjoys herself a little...
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secretary of state hillary clinton is going to be meeting with her russian counterpart, sergey lavrov. this is a meeting that's going to take place in dublin later today. this is an effort to try to get the peace plan for syria back on track, a u.n. effort that's stalled for so many months now. there's not a lot of hope it will get back on track anytime soon. a lot of international powers and pressure being put on syria to try to comply with some sort of peace plan so this nightmare scenario doesn't come to any sort of fruition. zoraida? >> all right, we're talking about a deadly nerve gas, it is sarin. can you tell us what kind of damage could this do to the people there? >> reporter: it's well known that sarin and the use of sarin is a nightmare scenario. the use of it could kill a huge amount of people in a very short amount of time. now, last night, a former cia officer, robert bear, was speaking to anderson cooper. he described what the use of sarin could do. here's more of what he had to say. >> one round and the dispersion on that could be -- depends on the wind -- but you coul
secretary of state hillary clinton is going to be meeting with her russian counterpart, sergey lavrov. this is a meeting that's going to take place in dublin later today. this is an effort to try to get the peace plan for syria back on track, a u.n. effort that's stalled for so many months now. there's not a lot of hope it will get back on track anytime soon. a lot of international powers and pressure being put on syria to try to comply with some sort of peace plan so this nightmare scenario...
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take a listen. >> if their competitor in '16 is going to be hillary clinton supported by bill clinton and presumably a still relatively popular barack obama, trying to win that will be truly the super bowl, and the republican party today is incapable of competing at that level. >> let's talk about this with cnn contributors l.z. granderson and will cain. agree or disagree on gingrich's assessment? >> gingrich sounds like a detroit lions fan. he's so pessimistic heading into the super bowl. i tend to agree. i think a the lot of people i've spoken to inside the administration as well as just kind of political wonks like us, we all think that hillary is going to run and she's going to be an incredible candidate to try to defeat. with that being said, 2016 is a long ways away. we need to get through 2014. we need to get through the fiscal cliff first. i think we're getting ahead of ourselves by saying she's unbeatable, but she's certainly formidable if she decides to run. >> point out that hillary clinton at every step says she's not running. we'll go ahead and talk about it anyway. will,
take a listen. >> if their competitor in '16 is going to be hillary clinton supported by bill clinton and presumably a still relatively popular barack obama, trying to win that will be truly the super bowl, and the republican party today is incapable of competing at that level. >> let's talk about this with cnn contributors l.z. granderson and will cain. agree or disagree on gingrich's assessment? >> gingrich sounds like a detroit lions fan. he's so pessimistic heading into...
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. >>> secretary of state hillary clinton is leading a new u.s. diplomatic push on syria holding talks in dublin, ireland, today. let me begin with you. including this distressing nbc news report, what and how much do we know about al assad's movements at this point? >> reporter: there have been concerns for months. the u.s. reiterated for quite some time if assad did anything with those chemical weapons and utilize them in any way, theat would be a red line that brought on consequences. there's not concern that bashar al assad might iutilize them against his own people but if weapons are still there terrorists could get hands on weapons and utilize those chemical weapons. you have this nbc news report. also on monday important to remind our viewers, cnn reported that they had word from u.s. officials that in fact syria had begun mixing chemical weapons and that would be done to create sarin for weapons in the future. they say there was no sign that the syrian officials were going to do anything with those weapons any time soon. important to remem
. >>> secretary of state hillary clinton is leading a new u.s. diplomatic push on syria holding talks in dublin, ireland, today. let me begin with you. including this distressing nbc news report, what and how much do we know about al assad's movements at this point? >> reporter: there have been concerns for months. the u.s. reiterated for quite some time if assad did anything with those chemical weapons and utilize them in any way, theat would be a red line that brought on...
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saying, point-blank, they do want a two-step process for tax reform, raise the rates on the top 2% to clinton levels now and let next year be a time for negotiating rates for the future and maybe everybody could lower the rates for everyone during that time. >> dana, how much of this do you think is just public posturing and kind of bloviating on partisan cable channels? it does seem like there's a lot of that going on. >> reporter: so much of that is public posturing and bloviating. but i think the difference between now and what we've seen in past high-stakes negotiations like this, you have the public posturing, the bloviating and the, okay, guys, let's roll up our sleeves and talk about what's really going on. by all accounts, that's not happening right now. just like you said, the fact you said it's news the president and speaker had their first phone conversation which got nowhere in a week is really amazing. and it speaks to the lack of the real conversations going on behind the scenes. i will say that, you know, back to what david and jessica were saying, david particularly, about the
saying, point-blank, they do want a two-step process for tax reform, raise the rates on the top 2% to clinton levels now and let next year be a time for negotiating rates for the future and maybe everybody could lower the rates for everyone during that time. >> dana, how much of this do you think is just public posturing and kind of bloviating on partisan cable channels? it does seem like there's a lot of that going on. >> reporter: so much of that is public posturing and...
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michelle was nominated for the audio version of her book and bill clinton was nominated for "50 shades of grey." >> thanks for starting your morning with us. we have much more ahead on "cnn saturday morning" which starts right now. >>> good morning, everyone. i'm randi kaye. victor blackwell is off. it is 7:00 on the east coast, thanks so much for starting your morning with cnn. it was supposed to be just for laughs. humor. the listeners with a lighthearted prank. two radio deejays called the hospital where the duchess of cambridge was getting treated and tricked a nurse to give details of her condition. two days later the nurse took her own life and now the deejays behind it are off the air. >> the house has mutually decided that this show will not return until further notice out of respect of what can only be described as a tragedy. >> cnn's matthew chance has more now on the story generating outrage around the world. >> you know what, they were the worst accents ever. >> it was meant as a light hearted aussie prank, even after their station issued an apologies the two deejays made l
michelle was nominated for the audio version of her book and bill clinton was nominated for "50 shades of grey." >> thanks for starting your morning with us. we have much more ahead on "cnn saturday morning" which starts right now. >>> good morning, everyone. i'm randi kaye. victor blackwell is off. it is 7:00 on the east coast, thanks so much for starting your morning with cnn. it was supposed to be just for laughs. humor. the listeners with a lighthearted...
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hillary clinton is a political powerhouse. whatever she chooses to do next i think that we will all be watching on the edges of our seats. >> maria, very quickly on that. >> i don't think she should reconsider that. i think she should consider running for president in 2016. i think there are a lot of people who agree with me on that. >> the big gulp probably won't be an issue in 2016, but we'll see. i'll leave it at that. thank you both. nice to see you again. amy holmes, maria cardona. have a great saturday. >> you, too. >>> a law designed to protect native american families has ripped this little girl away from the parents who love her. now they're petitioning the supreme court to get her back. matt and melanie will join me with their story. this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just got "blacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital o
hillary clinton is a political powerhouse. whatever she chooses to do next i think that we will all be watching on the edges of our seats. >> maria, very quickly on that. >> i don't think she should reconsider that. i think she should consider running for president in 2016. i think there are a lot of people who agree with me on that. >> the big gulp probably won't be an issue in 2016, but we'll see. i'll leave it at that. thank you both. nice to see you again. amy holmes,...
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and the man who shut down the government under bill clinton. what newt gingrich thinks it will take to avoid that happening again. >>> plus one of my personal heroes, the fastest man in the history of planet earth. jamaican sprinter usain bolt revealing a talent you may not know he has. ♪ let's get together and feel all right ♪ >> this is "piers morgan tonight." >>> good evening. our big story tonight, you are so hot, america. i mean that literally. the temperature was a balmy 60 degrees this afternoon in new york just outside cnn's studios. the average high temperature in december is normally 43. a warm front has flooded the lower 48 states. quite extraordinary but is it evidence of man-made global warming? that's tonight's battleground america. joining me now, bill nye the science guy and mark morano, the publisher of climate depo.com. welcome to you both. let me start with you, mark, if i may. you are implacably opposed to the concept of man-made climate change. why? >> we followed the evidence. there are quite literally hundreds of fact
and the man who shut down the government under bill clinton. what newt gingrich thinks it will take to avoid that happening again. >>> plus one of my personal heroes, the fastest man in the history of planet earth. jamaican sprinter usain bolt revealing a talent you may not know he has. ♪ let's get together and feel all right ♪ >> this is "piers morgan tonight." >>> good evening. our big story tonight, you are so hot, america. i mean that literally. the...
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he didn't say they have to go up to clinton levels. that's where i think you begin to see the outlines of the deal that we will end up having, hopefully, at the end of the year. >> do you see signs of republicans that, yes, i have heard this too from actually republican aides. i haven't -- not anybody that was willing to put their name on it and would vote on it, but who said, you know, we sort of see that there probably will be something around tax rates, but it won't be back up to the clinton levels, and it may be for not the $250,000 limit. is there anything up there that makes you think republicans would give on the rates? >> republicans have told me privately they will give on the rates. they are not in the interest after this election in defending millionaires. the rates go -- the threshold for tax increases moves off of 250,000 to 500, 750,000, 800,000, a million, they will budge on rates. it will probably end up being somewhere around 37%. it's time for some give. they don't want to say it at the mikes, but they've been saying
he didn't say they have to go up to clinton levels. that's where i think you begin to see the outlines of the deal that we will end up having, hopefully, at the end of the year. >> do you see signs of republicans that, yes, i have heard this too from actually republican aides. i haven't -- not anybody that was willing to put their name on it and would vote on it, but who said, you know, we sort of see that there probably will be something around tax rates, but it won't be back up to the...
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the assumption that simpson-bolles had, the assumption that gang of six hilary clintons and said to our republican colleagues give us back what you want for a down payment. we're not going to solve all of this by the end of the year. then they said no, give us more details. through sakt geithner they've laid out more details. i think it's also -- >> in terms of new details, and it's taken so long. >> it's also incumbent on the president to realize that this is a conversation that he has to have not just with washington but the rest of the country. bringing in business leaders, small business leaders, going out across the country. one reason i think why this time it's going to be different from the failures of the past, the debt krilg debacle, the failure of the super committee, is i think the american people and particularly the american business community, realize what's at stake, and i think an awful lot of us, frankly, in both parties who are willing to get there -- i want to commend kelli as well. there's been a big group of us, well in excess of the majority in the senate who say w
the assumption that simpson-bolles had, the assumption that gang of six hilary clintons and said to our republican colleagues give us back what you want for a down payment. we're not going to solve all of this by the end of the year. then they said no, give us more details. through sakt geithner they've laid out more details. i think it's also -- >> in terms of new details, and it's taken so long. >> it's also incumbent on the president to realize that this is a conversation that he...
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soon they may hear from secretary of state hillary clinton. she will testify before a house committee on a state department report expected next week. u.s. ambassador to libya chris stevens and three other americans were killed when the consulate was stormed three months ago. >>> in britain, a prank call from an australian radio station to the hospital treating the duchess of cambridge has turned tragic. two deejays called the hospital, tricked a nurse to get information about katherine's condition. well, that nurse was found dead friday of an apparent suicide. she leaves behind a husband and two children. > the two deejays are suspended and the ceo of the station's parent company says he's confident his company did nothing illegal. >>> and more now on that story. cnn's matthew chance joins us live. matthew, good morning. this story certainly generating outrage not only in britain but around the world. >> reporter: yeah, it certainly is. a lot of outrage, a lot of anger being expressed on the social media pages of the radio station in sydney,
soon they may hear from secretary of state hillary clinton. she will testify before a house committee on a state department report expected next week. u.s. ambassador to libya chris stevens and three other americans were killed when the consulate was stormed three months ago. >>> in britain, a prank call from an australian radio station to the hospital treating the duchess of cambridge has turned tragic. two deejays called the hospital, tricked a nurse to get information about...
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you get to secretary of state hillary clinton warning the u.s. was prepared to act if syria used chemical weapons if they're using them, so then what -- run through possible scenarios for me? >> well, the u.s. always said its red line is the use of chemical weapons. and of course you can imagine that people at the state department and other agencies in washington are very much looking into whether or not syria is simply moving stockpiles around, or preparing for some sort of use. if syria indeed, which is saying it's not going to do, uses the weapons out of desperation, because here you have some rebel strongholds that is not bowing to the syrian regime, despite the fact that it is repeatedly conventionally bombed. when you reach a level where there is desperation for a regime that feels everything around it is crumbling, the question is what will it use in order to try in some desperate last ditch measure to protect itself. that is the concern. the u.s. has always said this is a concern because it is not just within the borders of syria, that it
you get to secretary of state hillary clinton warning the u.s. was prepared to act if syria used chemical weapons if they're using them, so then what -- run through possible scenarios for me? >> well, the u.s. always said its red line is the use of chemical weapons. and of course you can imagine that people at the state department and other agencies in washington are very much looking into whether or not syria is simply moving stockpiles around, or preparing for some sort of use. if syria...
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bush, bill clinton, all objecting to settlement on that spot and getting his assurances from israel that it wouldn't be built on, so why now? tough talking? election coming up? what happened in the u.n.? what's the feeling there? >> well, certainly the israelis have made no secret of the fact that this is a direct punitive measure for what happened at the u.n. last thursday where, of course, the palestinians managed get an upgraded status there in the u.n. general assembly going to nonmember observer state. of course, the word state there is the operative one for the palestinians. the palestinians now say they do, in fact, have a state which is a taertory that is defined as the west bank, gaza, and east jerusalem. so, therefore, the palestinians are saying that this obviously would make the implementation of this state all but impossible because they say it would be impossible for them to even reach their capital that they want to have, which is, of course, east jerusalem. this is certainly a measure that's cause aing lot of international controversy. you were saying that great britain a
bush, bill clinton, all objecting to settlement on that spot and getting his assurances from israel that it wouldn't be built on, so why now? tough talking? election coming up? what happened in the u.n.? what's the feeling there? >> well, certainly the israelis have made no secret of the fact that this is a direct punitive measure for what happened at the u.n. last thursday where, of course, the palestinians managed get an upgraded status there in the u.n. general assembly going to...
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. >>> a strong warning today from secretary of state hillary clinton to the syrian government over the potential use of chemical weapons. one official in the obama administration told cnn there are worrying signs that syria may be considering the use of such weapons against rebels. new this morning, this mayor of this town along the border with turkey told cnn that jets dropped two bombs wounding several people. >>> it is 18 minutes past the hour. we are getting an early read on your local news making national headlines this story from "the boston globe." a year after the paper found that stores and restaurants across massachusetts were intentionally mislabeling fish. guess what? the practice continues. dna testing shows some business are showing cheaper, lower quality fish instead of what is written on the label. in one case, slices of what were supposed to be white tuna at a sushi shop were an oily species of fish that can cause digestive issues. that's terrible. >>> the "new york times," this story got so much attention locally here and around the nation. the homeless man who receiv
. >>> a strong warning today from secretary of state hillary clinton to the syrian government over the potential use of chemical weapons. one official in the obama administration told cnn there are worrying signs that syria may be considering the use of such weapons against rebels. new this morning, this mayor of this town along the border with turkey told cnn that jets dropped two bombs wounding several people. >>> it is 18 minutes past the hour. we are getting an early read...
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did he specify the 39.6% rate of the clinton years? he did not. so is there a little give ultimately to sort of say what if it doesn't go up to 39.6%, but say 37%, is that something the white house would accept? also, this that same interview, the president raised the possibility, which is that after you do tax reform and you close loopholes and deductions, that if the rate is raised, the top rate, there's always a possibility that after you do tax reform, of course, the top rate would then go down again. so it was -- you have to listen to the president very carefully to see where there might be some give. the problem from my point of view is that everybody knows what's got to be done in the long-term. it's the question of the short-term deal. >> john boehner, speaker of the house, he came up with a proposal. but not all the conservatives in the house and the senate are on board. jim demint, republican senator from south carolina. >> this is a time to negotiate with ourselves. we need to invite the president to work with us. his proposal was so ou
did he specify the 39.6% rate of the clinton years? he did not. so is there a little give ultimately to sort of say what if it doesn't go up to 39.6%, but say 37%, is that something the white house would accept? also, this that same interview, the president raised the possibility, which is that after you do tax reform and you close loopholes and deductions, that if the rate is raised, the top rate, there's always a possibility that after you do tax reform, of course, the top rate would then go...
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host: secretary of state hillary clinton early in december talked about hiv and aids and where we are in research, and said and aids free generation is not just a rallying cry, but the goal within our reach. what do you think of the statement and what does it mean for your organization, dr. fauci? guest: thank you for the question. secretary clinton has been a leader on the concept, and she introduced the concept of an aids-free generation, and the point she is making is 31 years into the pandemic we have the tools based on clinical research -- prevention tools, and diagnostic tools and treatment tools to turn around dramatically the projection of the pandemic globally. we are already starting to see that. it is a matter of implementing these things. treatment is striking -- the difference between 30 years ago in what we do now, not only to save the lives of individuals, but when you treat someone that is hiv infected and you bring down the level of virus to blow a detectable level, you -- -- to be lower deductible -- detectable level, you dramatically decrease the chance they would i
host: secretary of state hillary clinton early in december talked about hiv and aids and where we are in research, and said and aids free generation is not just a rallying cry, but the goal within our reach. what do you think of the statement and what does it mean for your organization, dr. fauci? guest: thank you for the question. secretary clinton has been a leader on the concept, and she introduced the concept of an aids-free generation, and the point she is making is 31 years into the...
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secretary clinton was in algeria to discuss mali among other issues approximately a month ago. the third challenge in mali is terrorism. we are gravely concerned about the presence and activities of terrorists and extremist groups in northern mali. al qaeda in the islamic magrab, the movement for unity and jihad in west africa known as mujoa and other affiliated groups have exploited the political unrest created by the march coup and the northern rebellion to expand their safe havens in northern mali and to impose their ideology on local communities throughout the northern part of the country. while these tactics remain alien to the vast majority of the population in the affected areas, aqim and majoa have established at least temporary relationships with a number of groups in northern mali and currently control the key cities of timbuktu, and nidal. any attempt to militarily oust aqim from the area must be african-led, it must be malian-led. it must be well planned, well organized and well resourced to be successful. military plans must also account for civilian security and h
secretary clinton was in algeria to discuss mali among other issues approximately a month ago. the third challenge in mali is terrorism. we are gravely concerned about the presence and activities of terrorists and extremist groups in northern mali. al qaeda in the islamic magrab, the movement for unity and jihad in west africa known as mujoa and other affiliated groups have exploited the political unrest created by the march coup and the northern rebellion to expand their safe havens in...
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bush or president bill clinton, or president george w. bush or president barack obama, the truth is, at the time they were elected president, we as a nation, overall, got the president we deserved at that time. now, one of the most impressive speeches i've ever heard was given by senator barack obama at the democratic convention, and i love the way he talked about america coming back as one america. not a red america or blue america but america. just one country. and it's one of the things that i drew great hope from on 9/12 delsh 2001 as people of the country -- on 9/12/2001 as people of the country gathered around, as we did in our east texas town, and we all held hands and we sang hymns and patriotic songs and you look -- i look around the circle and was deeply moved because i knew that day there were no hyphenated americans. there were just americans. and we were together. and everybody standing there in that square holding hands, we shared the love for our country. we wanted to see it strong. we wanted to see it recover from that dev
bush or president bill clinton, or president george w. bush or president barack obama, the truth is, at the time they were elected president, we as a nation, overall, got the president we deserved at that time. now, one of the most impressive speeches i've ever heard was given by senator barack obama at the democratic convention, and i love the way he talked about america coming back as one america. not a red america or blue america but america. just one country. and it's one of the things that...
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bush and clinton administrations. both of you went to the same university. i'm sure you can agree on everything today. dr. zandi first. >> thank you for the opportunity. it is an honor to be here with kevin, a good friend of mine. let me say that these are my own personal views. lawmakers have to resolve three issues -- first, the fiscal cliff. second, raising the treasury debt ceiling, which as you know is becoming an issue rarely soon. third, achieving long-term fiscal sustainability. that is deficit reduction and tax increases and spending cuts that allow the gdp ratio to stabilize by the end of the decade. these three things need to be done now. in terms of the fiscal cliff, if policy is unchanged and we go over the cliff and there is still no change after that, the gdp in 2013 will 3.5 percentage points. subtract that and that is a severe recession. cbo and others are probably us are underestimating how severe that will be because confidence is very weak. it is unclear how the reserve would response to this. we need to scale back from the cliff. at the
bush and clinton administrations. both of you went to the same university. i'm sure you can agree on everything today. dr. zandi first. >> thank you for the opportunity. it is an honor to be here with kevin, a good friend of mine. let me say that these are my own personal views. lawmakers have to resolve three issues -- first, the fiscal cliff. second, raising the treasury debt ceiling, which as you know is becoming an issue rarely soon. third, achieving long-term fiscal sustainability....
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Dec 9, 2012
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everybody we have threats of government shutdown in the past -- the famous showdown with newt gingrich and clinton. when you have divided government, you have clashes of major philosophical difference. the key is being able to have an element of compromise as part of that process. that is exactly the place we are in right now, trying to find that point. >> the best model for all of you who are working so hard on this may well be speilberg's movie about lincoln. lincoln made deals. you know what, he achieved great, great goals. it goes to the point you are making -- politicians are supposed to play politics, that is not a dirty word. >> the legendary "bloomberg view" columnist -- margaret carlson. >> i had this plan for a couple weeks -- i thought, this could happen. when you said you cannot get people in the corner as the president has with the tax increase on the wealthy -- here is the plan. on december 31, the bush tax cuts expire. after you have your champagne and your funny hats on, on january 1 at 12:01 a.m., there is a middle-class tax cut and the top rate is 39.6%, then they are cut to 37%,
everybody we have threats of government shutdown in the past -- the famous showdown with newt gingrich and clinton. when you have divided government, you have clashes of major philosophical difference. the key is being able to have an element of compromise as part of that process. that is exactly the place we are in right now, trying to find that point. >> the best model for all of you who are working so hard on this may well be speilberg's movie about lincoln. lincoln made deals. you...
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Dec 9, 2012
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also, a piece on hillary clinton. president truman's oldest grandson, who was the first truman to travel to japan. tonight on c-span 3, a look at hiroshima. a talk with his trip and what he learned it. learned through his words teacher made that his grandfather went through and now he went through in hiroshige of. 6:00 for those on the west coast on c-span 3. here is a preview. [video clip] >> i tried to look down and i saw so many dead bodies floating on the surface. people --'s so many the people suffered from the burned bodies. they went into water. it jumped into the river. >> that was a survivor of the bombings in hiroshima telling her story for the first time to daniel on his first visit to the two cities where the bomb was dropped the in 1945. you are listening for the first time. what did you see your role as as you were listening to it? >> just to be there to listen to her and to let her speak and to let her do this for the first time. >> for her understanding she was talking to the grandson of the man who ma
also, a piece on hillary clinton. president truman's oldest grandson, who was the first truman to travel to japan. tonight on c-span 3, a look at hiroshima. a talk with his trip and what he learned it. learned through his words teacher made that his grandfather went through and now he went through in hiroshige of. 6:00 for those on the west coast on c-span 3. here is a preview. [video clip] >> i tried to look down and i saw so many dead bodies floating on the surface. people --'s so many...
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Dec 5, 2012
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restoring the clinton tax rates is something i would support. we supported them back in 1991 when bill clinton was running for president. no problem on that. it is a reasonable adjustment, but may not be sufficient to reach the targets we need, and it does not help us in bipartisan bargaining, reaching a deal. i hope as this negotiation -- we ought to be at the irish times -- that they will not make a fetish of marginal tax rates if they should go up some, but do they need to go back where they were? i do not know. lots of ways to increase taxes on rich people, and it may be that a hybrid of marginal tax increases and the kind of base- broadening, loophole closing, expenditure closing that simpson-bowles proposed should be part of the mix. raising marginal rates does not guarantee you will get your intended target. very rich people depend more on investment income than on their labor income. if you want to get them -- and this is where mitt romney was able to pay a 14% tax rate on earnings of $14 million -- so if you are trying to get the super-
restoring the clinton tax rates is something i would support. we supported them back in 1991 when bill clinton was running for president. no problem on that. it is a reasonable adjustment, but may not be sufficient to reach the targets we need, and it does not help us in bipartisan bargaining, reaching a deal. i hope as this negotiation -- we ought to be at the irish times -- that they will not make a fetish of marginal tax rates if they should go up some, but do they need to go back where they...
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Dec 4, 2012
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he worked as chief of staff in the clinton white house on the domestic policy council. he was the chief officer of the progressive policy institute. i want to remind you of a piece that came out before the election. people will clamor him to pursue a grand bargain. you can respond to any or all of that. guest: paul krugman is not a fan. i wish he would sit down with them and go into more details. there are some things he may not be aware of. on taxes, we'd do lower rates. this seems to be a problem for some people to grasp. how can you lower rates will we need more revenue? you do that by broadening the base. economists, a lot of them disagreed on the positive impact of simplifying the tax code or tax reform. most agree there is some evidence. we have some studies based on the 1986 tax reform plan. that impacted gdp in a positive way by about one percentage point. there is no consensus, but there is a general understanding there is a benefit. anyone who has done their taxes can understand this. the time alone to do your taxes, even with the great software, we have 70% o
he worked as chief of staff in the clinton white house on the domestic policy council. he was the chief officer of the progressive policy institute. i want to remind you of a piece that came out before the election. people will clamor him to pursue a grand bargain. you can respond to any or all of that. guest: paul krugman is not a fan. i wish he would sit down with them and go into more details. there are some things he may not be aware of. on taxes, we'd do lower rates. this seems to be a...
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restoring the clinton tax rates is something i would support. we supported them back in 1991 when bill clinton was running for president. no problem on that. it is a reasonable adjustment, but may not be sufficient to reach the targets we need and it does not help us in bipartisan bargaining, reaching a deal. i hope as this negotiation -- we ought to be at the irish times -- that they will not make a fetish of marginal tax rates street if they should go up some, but do they need to go back where they work? i do not know. lots of ways to increase taxes on rich people, and it may be that a hybrid of marginal tax increases and the kind of base- broadening loophole closing expenditure closing that simpson-bowles proposed should be part of the mix. raising marginal rates does not guarantee you will get your intended target. a very rich people depend more on investment income than on their labour income. if you want to get them -- and this is where mitt romney was able to pay a 14% tax rate on earnings of $14 million -- so if you are trying to get the
restoring the clinton tax rates is something i would support. we supported them back in 1991 when bill clinton was running for president. no problem on that. it is a reasonable adjustment, but may not be sufficient to reach the targets we need and it does not help us in bipartisan bargaining, reaching a deal. i hope as this negotiation -- we ought to be at the irish times -- that they will not make a fetish of marginal tax rates street if they should go up some, but do they need to go back...
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Dec 6, 2012
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i commend ambassador ford and secretary clinton and the president for their leadership on diplomatic side of try to engage until with this credit, painful conflict. the differences between us are far less important. the president has made a clear declaration, which we will back. >> house of representatives is in recess. it will reconvene on tuesday. the house is expected to take up noncontroversial legislation under suspension of regular house rules. the house had planned to adjourn for the holidays at the end of the week next week, but majority leader eric cantor says the house will be back in session december 17 to deal with the so- called fiscal cliff. he says the house will not adjourn until an agreement is reached. when the house gavels in next week, live coverage c-span. >> and think the writers institute is something that is very important within the culture. we are a culture of words, of voices. words are key to our imagination, our capacity to envision things. we are not completely tied to print on the page. but i think there is no other art form so readily accessible other
i commend ambassador ford and secretary clinton and the president for their leadership on diplomatic side of try to engage until with this credit, painful conflict. the differences between us are far less important. the president has made a clear declaration, which we will back. >> house of representatives is in recess. it will reconvene on tuesday. the house is expected to take up noncontroversial legislation under suspension of regular house rules. the house had planned to adjourn for...
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Dec 8, 2012
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secretary clinton was in algeria to discuss mali among other issues approximately a month ago. the third challenge in mali is terrorism. we are gravely concerned about the presence and activities of terrorists and extremist groups in northern mali. al qaeda in the islamic ma grag, the movement for unity and jihad in west africa known as mujoa, and other affiliated groups have exploited the political unrest created by the march coup and the northern rebel ynt to expand their safe havens in northern mali and to impose their ideology on local communities throughout the northern part of the country. while these tactics remain alien to the vast majority of the population and the affected areas, aqim has established at least temporary relationships with a number of groups in northern mali and currently control the key cities of timbuktu, gal, and kid al. any attempt to militarily ouset a qim must be african led. it must be malian led. it must be well planned, well organized and well resourced to be successful. military plans must also account for civilian security and humanitarian ne
secretary clinton was in algeria to discuss mali among other issues approximately a month ago. the third challenge in mali is terrorism. we are gravely concerned about the presence and activities of terrorists and extremist groups in northern mali. al qaeda in the islamic ma grag, the movement for unity and jihad in west africa known as mujoa, and other affiliated groups have exploited the political unrest created by the march coup and the northern rebel ynt to expand their safe havens in...
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Dec 7, 2012
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now four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there has been no count offer from the white house. instead reports indicate that the president has adopted a deliberate stradgeji to slow walk our economy right to the edge of the fiscal cliff. instead of reforming the tax code and cutting spending, the president wants to raise tax rates. but even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion dollar deficits for as far as the eye can see. washington has got a spending problem, not a revenue problem. if the president doesn't agree with our proposal, i believe he's got an obligation to families and small businesses to offer a plan of his own, a plan that can pass both chambers of the congress. we're ready and eager to talk to the president about such a plan. >> you did speak with the president earlier this week. can you characterize that call? did he have any kind of count offer and we understand that he is making clear that it's got to be increase rates fo
now four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there has been no count offer from the white house. instead reports indicate that the president has adopted a deliberate stradgeji to slow walk our economy right to the edge of the fiscal cliff. instead of reforming the tax code and cutting spending, the president wants to raise tax rates. but even if the president got the tax rate hike that he wanted, understand that we...
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Dec 6, 2012
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a combination of allowing the rates on high earners to go back up to what they were under president clinton, and reducing the value of tax deductions and other tax benefits that they get. before i get to how much can be raised by the second, let me just say the president is very, very supportive of curbing tax deductions for high-income households. it's been a part of his plan from his very first budget. in fact, he was and remains the only major leaguer in washington that has put forward a specific, explicit plan that would limit those tax benefits for high-income households that's been examined by the joint committee on taxation, which is the official referee for these issues in congress. that plan, though, doesn't raise the revenue that you need. so out of the president's $1.6 trillion, $950 billion comes from decoupling. decoupling is the high-income rates going away, the middle- class tax cuts becoming permanent. that gets you $950 billion of revenue. the question is could you plausibly replace that revenue just by limiting tax expenditures. there have been lots of different ideas out
a combination of allowing the rates on high earners to go back up to what they were under president clinton, and reducing the value of tax deductions and other tax benefits that they get. before i get to how much can be raised by the second, let me just say the president is very, very supportive of curbing tax deductions for high-income households. it's been a part of his plan from his very first budget. in fact, he was and remains the only major leaguer in washington that has put forward a...
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it is similar to what the former clinton chief of staff -- separate from that commission, he testified before the super committee last year and put forward his own proposal to try to break the impasse at that time. republicans say their current offer is not in that proposal, so it is not the simpsons-bowles plan that has gotten a lot of talk over the last few years, but it is modeled on a proposal from a leading democrat during these discussions, so they are hoping it will give some credibility going forward. the $800 billion they are offering is not the same as what john boehner offered in 2007. -- is the same as what john boehner offered in 2007. they will not accept any deal that keeps tax rates the same as well. >> thank you. >> thank you. >> you can read his proposal online by going to c-span.org and clicking to the lake. oklahoma congressman tom cole discusses the fiscal cliff negotiations and agrees with suggestions they should join president obama to extend the tax rates for the highest income earners the law professor john buckley looks at the history of the tax, plus your e-m
it is similar to what the former clinton chief of staff -- separate from that commission, he testified before the super committee last year and put forward his own proposal to try to break the impasse at that time. republicans say their current offer is not in that proposal, so it is not the simpsons-bowles plan that has gotten a lot of talk over the last few years, but it is modeled on a proposal from a leading democrat during these discussions, so they are hoping it will give some credibility...
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japan and china are having to square off about five uninhabited islands, and hillary clinton just received a confidential report that involves steve hadley, joe nye, and another one i can't quite recall for a moment, who said this could slip into a war. this could slip in the hot conflict. we need to be prepared under article v of the peace treaty, the united states is obligated not necessarily to run to japan's defense but to consult with japan. now have to decide what consultants in particular. but you have had enough time. china is boycotting japan and form across a lot of sectors. i'd love to get a sense of what you think china's game plan is both regionally and internationally. japan has been, you've been there right next to china for a long time and you've been poking each other back and forth for a long time. to let me teach her quick snapshot issue of how you seek china's direction. >> i think this is, i think this is not a short time phenomenon. from the viewpoint, china on the island, diplomatic issue, this program with china, they started to claim the island in 1971 after the un
japan and china are having to square off about five uninhabited islands, and hillary clinton just received a confidential report that involves steve hadley, joe nye, and another one i can't quite recall for a moment, who said this could slip into a war. this could slip in the hot conflict. we need to be prepared under article v of the peace treaty, the united states is obligated not necessarily to run to japan's defense but to consult with japan. now have to decide what consultants in...
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second, even if clinton makes a an agreement how much leverage does russia have? negative standing is to help bashar get out and it may be too late anyway. mark technically about chemical weapons, how exactly do we intervene? whether the mechanics? assuming post bashar syria remains chaotic isn't the every man revolutionary guard best prepared to take it they did to? how does the u.s. manage? how do we deal with actors are the terrorist groups? those that have the terrace designation from the united states? particularly with the day after project. >> great. your question? >> yes. to talk about the transition. how do you deal with moving towards with a consistent assembly if you have actors like the eight days shy rtz or brushing it in the mediterranean and tata group says working on the ground? >> let me explain about the day after project whetted directed by syrians, 45 of us from inside syria and outside syria. we did receive funding from united states institute of peace in from the germans political affairs. economic, restructuring and social policy, rule of la
second, even if clinton makes a an agreement how much leverage does russia have? negative standing is to help bashar get out and it may be too late anyway. mark technically about chemical weapons, how exactly do we intervene? whether the mechanics? assuming post bashar syria remains chaotic isn't the every man revolutionary guard best prepared to take it they did to? how does the u.s. manage? how do we deal with actors are the terrorist groups? those that have the terrace designation from the...
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Dec 10, 2012
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the state department doesn't cope with those situations as well as maybe they should, and secretary clinton came forward and said on some levels, you know, taking speedometer for that -- responsibility for that, and presumably, there's investigations, and people will look into how to better protect the bureaucracy work better for -- to protect u.s. diplomats. one has to say against that that, you know, if you look at the record against how many foreign officers killed in the line of duty or ambassadors, it's very few. they must be doing a good -- a very good job in many instances, but there seem to be certain types of situations which are more prone to there to be breakdowns. when i was based in tripoli, we had no virtually no protection whatsoever. we wrote similar cables says, you know, can you please, yes, we understand gadhafi's security app rase toc is prevalent, but that mean we're not exposed? a lot of people were relieved when our tours were over for that reason. there's antedotes of not just me saying this, but from all over the place, all over the place is an exaggeration. the mid
the state department doesn't cope with those situations as well as maybe they should, and secretary clinton came forward and said on some levels, you know, taking speedometer for that -- responsibility for that, and presumably, there's investigations, and people will look into how to better protect the bureaucracy work better for -- to protect u.s. diplomats. one has to say against that that, you know, if you look at the record against how many foreign officers killed in the line of duty or...